Rule of 72

The rule of 72 is an old banker’s rule of thumb to find out how long it will take to double your money at different interest rates. Financial literacy has become an increasingly important topic for K-12 education and we believe spreadsheets and headmath or mental estimation should be central to it. Rule of 72 combines both and gets students calculating compound interest. They can also see how expensive high credit card interest rates can be to them.

One comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.